Ultimate Games S.A. (WSE:ULG)

Poland · Delayed Price · Currency is PLN

11.60

-0.20 (-1.69%)

Oct 30, 2026, 4:59 PM CET

Ultimate Games Financials Overview

Financials in millions PLN. Fiscal year is January - December.

Millions PLN. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	35.82	24.24	23.05	27.16	22.66	14.87
Revenue Growth	58.44%	5.15%	-15.14%	19.85%	52.43%	103.78%
Gross Profit	38.37	29.81	25.71	30.79	25.1	17.42
Operating Income	8.28	4.31	2.79	5.64	6.09	7.12
Net Income	6.43	2.76	-3.65	-7.95	6.39	32.68
Earnings Per Share	1.23	0.53	-0.70	-1.52	1.22	6.25
EPS Growth	-	-	-	-	-80.46%	671.48%

Cash & Debt

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Cash (Debt)	8	6.5	9.95	10.22	17.62	20.96
Net Cash Growth	23.56%	-34.60%	-2.67%	-42.02%	-15.92%	401.87%
Net Cash Per Share	1.53	1.24	1.90	1.95	3.37	4.01
Cash & Investments	8	6.5	9.95	10.22	17.62	20.96

Cash Flow & CapEx

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Cash Flow	2.13	-1.15	0.78	0.53	1.16	-0.33
Capital Expenditures	-0.12	-0.3	-0.01	-0.1	-0.16	-0.09
Free Cash Flow	2	-1.44	0.76	0.44	1	-0.42
Free Cash Flow Growth	-	-	74.60%	-56.47%	-	-

Margins

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Gross Margin	107.12%	123.00%	111.53%	113.35%	110.74%	117.16%
Operating Margin	23.10%	17.78%	12.10%	20.77%	26.88%	47.90%
Pretax Margin	22.66%	13.40%	-19.56%	-38.50%	34.20%	276.61%
Profit Margin	17.95%	11.39%	-15.85%	-29.25%	28.17%	219.81%
FCF Margin	5.59%	-5.96%	3.31%	1.61%	4.43%	-2.84%

Dividends

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct '26 Oct 31, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Dividend Per Share	1.000	0.500	0.500	0.500	1.500	2.000
Dividend Per Share Growth	100.00%	0%	0%	-66.67%	-25.00%	400.00%
Dividend Yield	8.62%	6.27%	5.00%	3.35%	6.22%	6.35%

Valuation

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Oct '26 Oct 31, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
PE Ratio	9.45	15.12	-	-	19.74	5.04
P/FCF Ratio	30.29	-	68.55	178.80	125.54	-
PS Ratio	1.69	1.72	2.27	2.88	5.56	11.08